Kirk Holton Team Blog

How to chose a lender: Tips for Buyers

By: Katie Kirk-The Kirk Holton Team
Many buyers overlook the importance of finding a lender. This person will play a crucial role, along with your agent, in making sure that the process goes smoothly and closes successfully. The best thing to do is ask several people for names. Your best resource is your agent. He or she works with many lenders in the community. Trust me, we know who gets the job done. Or ask someone who just went through the process. A friend or family member who just bought a house will have this experience fresh in the memory bank and be able to recommend their lender or decline to give you a recommendation because of a bad experience.  It makes sense to get several names, do some research on the internet about the lender and bank/ mortgage company.
Call each of these lenders and explain that you are a buyer and you are going through the buying process and working on determining who you should work with…then get an appointment to discuss the process and find out what that lender has to offer. Again, this is a very important decision. The buying process has the potential to be stressful enough on it’s own.
You do not want to be in a position where you are in the middle of the process and come to find out your lender has made errors and is now putting you in a position of having to ask the seller for extensions and of course the worse nightmare, that the lender can’t close the loan. Most important, buyers need to do their homework on this. Get several names, research, interview and then determine who you would like to work with during the home buying process. Best of luck!